A microchip is a computer chip, which is being enclosed in a small glass cylinder (the size of a grain of rice) and is injected in the pet’s skin as a means of identification. Each microchip is primarily being connected with an online registry of owner contact information. For instance, if a pet is lost, and is being taken to a shelter or veterinary hospital, he will be scanned for a microchip. If the contact information on the file is up to date, the pet’s owner can be contacted instantly and reunited with their pet. The key technology used in pet microchips is radio-frequency identification (RFID). This primarily provides permanent ID for your pet.
In terms of value, the global Pet Microchips market was valued at US$ 402.7 Mn and in terms of volume, the market was 36603.5 thousand units in 2018, and is expected to grow with a significant CAGR during the forecast period. The pet microchips market is witnessing growth as various chip manufacturers are focusing on improving chip capabilities and are adding various other functionalities, such as the ability to program the chip to open the door to your dog only when your dog approaches. This can further help in keeping out stray critters that may find their way to the home. Moreover, some manufacturers are providing lost pet alerting services and travel assistance for folks who like to take their pets along on holidays.
This pet microchips market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.
The global pet microchips market is segmented based on the chip frequency, pet type, and end-user. Based on the pet type, the market has been categorised as dog, cat, horse, and others. Among these, the dog segment is dominating the market with US$ 162.1 Mn in the year 2018 and is expected to grow with a high CAGR during the forecast period. The cat segment is also expected to grow in the coming years based on the survey, it has been found that less than 2% of cats without microchips were returned home. However, if a cat is microchipped, the return-to-owner rate is 20 times higher than when the cat was not microchipped. Thus, due to the growth of the cat segment, the pet microchips market is expected to grow in the coming years.
By Chip Frequency
By Pet Dog
By End User
North America is dominating the pet microchips market
North America region holds the largest share in the global pet microchips market. The market growth in the region is attributed to the growing spending on pets and the increasing demand for sophisticated technology among the tech-savvy pet owners. According to the American Pet Products Association, the US pet industry was USD 66.75 billion in 2016 and is estimated to reach USD 69.36 billion by 2017. The U.S. is dominating the pet microchips market in North America, due to the growing number of lost pets.
The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. This pet microchips market is growing due to the rising number of pets in countries such as China, Australia, and India, and the growing awareness about pet health in the region.
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Thailand
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Southern Africa
Northern Africa
GCC
Rest of Middle East & Africa
The key players operating in the global pet microchips market include Virbac Group, Animalcare Ltd., Microchip4Solutions Inc., Peddymark Ltd., Cybortra technology Co., Ltd., Pet-ID Microchips Ltd., Avid Identification Systems Inc., Jeffers Pet, Merck & Co. Inc., Pethealth Inc., Datamars, Inc., Trovan, Ltd., and Bayer AG, among others. To expand the market, the majority of vendors are adopting new technologies and product launches, in order to gain competitive advantage in the global market. The pet microchips market is largely driven by new product launches and acquisitions.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Pet Microchips Market, 2016-2026, (Thousand Units) (US$ Mn)
2.1 Market Snapshot: Global Pet Microchips Market
2.2 Market Dynamics
2.3 Global Pet Microchips Market, by Segment, 2018
2.3.1 Global Pet Microchips Market, by Chip Frequency, 2018, (Thousand Units) (US$ Mn)
2.3.2 Global Pet Microchips Market, by Pet Type, 2018, (Thousand Units) (US$ Mn)
2.3.3 Global Pet Microchips Market, by End-user, 2018, (Thousand Units) (US$ Mn)
2.3.4 Global Pet Microchips Market, by Region, 2018 (Thousand Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Pet Microchips Market In Developed Vs. Developing Economies, 2018 vs 2026
2.4.2 Global Pet Microchips Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing number of lost animals
3.2.2 Driver 2
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 Lack of awareness
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Opportunity 1
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Pet Microchips Market, by Chip Frequency
4.1 Market Overview, by Chip Frequency
4.1.1 Global Pet Microchips Market, by Chip Frequency, 2016-2026 (Thousand Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Chip Frequency, From 2018-2026
4.2 125 KHz
4.2.1 Global Pet Microchips Market, by 125 KHz, 2016-2026, (Thousand Units) (US$ Mn)
4.3 128 KHz
4.3.1 Global Pet Microchips Market, by 128 KHz, 2016-2026, (Thousand Units) (US$ Mn)
4.4 134.2 KHz
4.4.1 Global Pet Microchips Market, by 134.2 KHz, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 5 Global Pet Microchips Market, by Pet Type
5.1 Market Overview, by Pet Type
5.1.1 Global Pet Microchips Market, by Pet Type, 2016-2026 (Thousand Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Pet Type, From 2018-2026
5.2 Dog
5.2.1 Global Pet Microchips Market, by Dog, 2016-2026, (Thousand Units) (US$ Mn)
5.3 Cat
5.3.1 Global Pet Microchips Market, by Cat, 2016-2026, (Thousand Units) (US$ Mn)
5.4 Horse
5.4.1 Global Pet Microchips Market, by Horse, 2016-2026, (Thousand Units) (US$ Mn)
5.5 Others
5.5.1 Global Pet Microchips Market, by Others, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 6 Global Pet Microchips Market, by End-user
6.1 Market Overview, by End-user
6.1.1 Global Pet Microchips Market, by End-user, 2016-2026 (Thousand Units) (US$ Mn)
6.1.2 Incremental Opportunity, by End-user, From 2018-2026
6.2 Pet Breeder
6.2.1 Global Pet Microchips Market, by Pet Breeder, 2016-2026, (Thousand Units) (US$ Mn)
6.3 Household
6.3.1 Global Pet Microchips Market, by Household, 2016-2026, (Thousand Units) (US$ Mn)
6.4 Others
6.4.1 Global Pet Microchips Market, by Others, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 7 Global Pet Microchips Market, by Region
7.1 Market Overview, by Region
7.1.1 Global Pet Microchips Market, by Region, 2016-2026, (Thousand Units) (US$ Mn)
7.2 Attractive Investment Opportunity, by Region, 2018
7.3 North America Pet Microchips Market
7.3.1 North America Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.3.2 United States Country Profile
7.3.2.1 United States Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.3.3 Canada Country Profile
7.3.3.1 Canada Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.3.4 Mexico Country Profile
7.3.4.1 Mexico Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4 Europe Pet Microchips Market
7.4.1 Europe Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.2 United Kingdom Country Profile
7.4.2.1 United Kingdom Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.3 Germany Country Profile
7.4.3.1 Germany Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.4 France Country Profile
7.4.4.1 France Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.5 Italy Country Profile
7.4.5.1 Italy Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.6 Spain Country Profile
7.4.6.1 Spain Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.4.7 Rest of Europe
7.4.7.1 Rest of Europe Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5 Asia Pacific Pet Microchips Market
7.5.1 Asia Pacific Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.2 China Country Profile
7.5.2.1 China Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.3 Japan Country Profile
7.5.3.1 Japan Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.4 India Country Profile
7.5.4.1 India Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.5 Indonesia Country Profile
7.5.5.1 Indonesia Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.6 Thailand Country Profile
7.5.6.1 Thailand Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.5.7 Rest of Asia Pacific
7.5.7.1 Rest of Asia Pacific Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.6 Latin America Pet Microchips Market
7.6.1 Latin America Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.6.2 Brazil Country Profile
7.6.2.1 Brazil Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.6.3 Argentina Country Profile
7.6.3.1 Argentina Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.6.4 Rest of Latin America
7.6.4.1 Rest of Latin America Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.7 Middle East & Africa Pet Microchips Market
7.7.1 Middle East & Africa Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.7.2 Southern Africa
7.7.2.1 Southern Africa Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.7.3 Northern Africa
7.7.3.1 Northern Africa Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.7.4 GCC
7.7.4.1 GCC Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
7.7.5 Rest of Middle East & Africa
7.7.5.1 Rest of Middle East & Africa Pet Microchips Market, 2016-2026 (Thousand Units) (US$ Mn)
Chapter 8 Competitive Intelligence
8.1 Introduction
8.2 Players Evaluated During the Study
8.3 Market Players Present in Market Life Cycle
8.4 Top 5 Players Comparison
8.5 Market Positioning of Key Players, 2018
8.6 Market Players Mapping
8.6.1 By Chip Frequency
8.6.2 By Pet Type
8.6.3 By End-user
8.6.4 By Region
8.7 Strategies Adopted by Key Market Players
8.8 Recent Developments in the Market
8.8.1 Mergers & Acquisitions, Partnership, New Product Developments
8.9 Operational Efficiency Comparison by Key Players
Chapter 9 Company Profiles
9.1 Virbac Group
9.1.1 Virbac Group Overview
9.1.2 Key Stakeholders/Person in Virbac Group
9.1.3 Virbac Group Products Portfolio
9.1.4 Virbac Group Financial Overview
9.1.5 Virbac Group News/Recent Developments
9.2 Animalcare Ltd.
9.2.1 Animalcare Ltd. Overview
9.2.2 Key Stakeholders/Person in Animalcare Ltd.
9.2.3 Animalcare Ltd. Products Portfolio
9.2.4 Animalcare Ltd. Financial Overview
9.2.5 Animalcare Ltd. News/Recent Developments
9.3 Microchip4Solutions Inc.
9.3.1 Microchip4Solutions Inc. Overview
9.3.2 Key Stakeholders/Person in Microchip4Solutions Inc.
9.3.3 Microchip4Solutions Inc. Products Portfolio
9.3.4 Microchip4Solutions Inc. Financial Overview
9.3.5 Microchip4Solutions Inc. News/Recent Developments
9.4 Peddymark Ltd.
9.4.1 Peddymark Ltd. Overview
9.4.2 Key Stakeholders/Person in Peddymark Ltd.
9.4.3 Peddymark Ltd. Products Portfolio
9.4.4 Peddymark Ltd. Financial Overview
9.4.5 Peddymark Ltd. News/Recent Developments
9.5 Cybortra technology Co., Ltd.
9.5.1 Cybortra technology Co., Ltd. Overview
9.5.2 Key Stakeholders/Person in Cybortra technology Co., Ltd.
9.5.3 Cybortra technology Co., Ltd. Products Portfolio
9.5.4 Cybortra technology Co., Ltd. Financial Overview
9.5.5 Cybortra technology Co., Ltd. News/Recent Developments
9.6 Pet-ID Microchips Ltd.
9.6.1 Pet-ID Microchips Ltd. Overview
9.6.2 Key Stakeholders/Person in Pet-ID Microchips Ltd.
9.6.3 Pet-ID Microchips Ltd. Products Portfolio
9.6.4 Pet-ID Microchips Ltd. Financial Overview
9.6.5 Pet-ID Microchips Ltd. News/Recent Developments
9.7 Avid Identification Systems Inc.
9.7.1 Avid Identification Systems Inc. Overview
9.7.2 Key Stakeholders/Person in Avid Identification Systems Inc.
9.7.3 Avid Identification Systems Inc. Products Portfolio
9.7.4 Avid Identification Systems Inc. Financial Overview
9.7.5 Avid Identification Systems Inc. News/Recent Developments
9.8 Jeffers Pet, Merck & Co. Inc.
9.8.1 Jeffers Pet, Merck & Co. Inc. Overview
9.8.2 Key Stakeholders/Person in Jeffers Pet, Merck & Co. Inc.
9.8.3 Jeffers Pet, Merck & Co. Inc. Products Portfolio
9.8.4 Jeffers Pet, Merck & Co. Inc. Financial Overview
9.8.5 Jeffers Pet, Merck & Co. Inc. News/Recent Developments
9.9 Datamars, Inc.
9.9.1 Datamars, Inc. Overview
9.9.2 Key Stakeholders/Person in Datamars, Inc.
9.9.3 Datamars, Inc.Products Portfolio
9.9.4 Datamars, Inc.Financial Overview
9.9.5 Datamars, Inc. News/Recent Developments
9.10 Pethealth Inc.
9.10.1 Pethealth Inc. Overview
9.10.2 Key Stakeholders/Person in Pethealth Inc.
9.10.3 Pethealth Inc. Products Portfolio
9.10.4 Pethealth Inc. Financial Overview
9.10.5 Pethealth Inc. News/Recent Developments
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